Keybank National Association OH Has $12.57 Million Stock Position in Southern Company (The) $SO

Keybank National Association OH increased its stake in shares of Southern Company (The) (NYSE:SOFree Report) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 130,227 shares of the utilities provider’s stock after acquiring an additional 5,670 shares during the period. Keybank National Association OH’s holdings in Southern were worth $12,570,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in shares of Southern by 17.5% in the first quarter. Empowered Funds LLC now owns 34,003 shares of the utilities provider’s stock valued at $3,127,000 after buying an additional 5,067 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Southern by 0.7% during the second quarter. Schnieders Capital Management LLC. now owns 59,217 shares of the utilities provider’s stock worth $5,438,000 after acquiring an additional 393 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Southern in the second quarter valued at $655,000. Sei Investments Co. lifted its stake in Southern by 11.5% in the second quarter. Sei Investments Co. now owns 449,960 shares of the utilities provider’s stock valued at $41,320,000 after acquiring an additional 46,504 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Southern by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 514,736 shares of the utilities provider’s stock valued at $47,268,000 after acquiring an additional 13,392 shares during the period. 64.10% of the stock is owned by institutional investors and hedge funds.

Southern Price Performance

Southern stock opened at $97.84 on Friday. Southern Company has a 12 month low of $83.80 and a 12 month high of $100.83. The stock’s 50 day moving average is $93.81 and its 200-day moving average is $92.75. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $110.30 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.96 and a beta of 0.34.

Southern (NYSE:SOGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.11. Southern had a return on equity of 12.64% and a net margin of 14.46%.The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the firm posted $1.23 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts expect that Southern Company will post 4.58 EPS for the current year.

Southern Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, May 18th were issued a dividend of $0.76 per share. This is an increase from Southern’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, May 18th. Southern’s payout ratio is 77.35%.

Wall Street Analyst Weigh In

SO has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Southern from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Morgan Stanley reiterated an “underweight” rating and set a $89.00 price target on shares of Southern in a report on Wednesday, June 24th. TD Cowen boosted their price target on Southern from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Citigroup restated a “buy” rating on shares of Southern in a research note on Friday, April 10th. Finally, Jefferies Financial Group set a $99.00 price objective on Southern in a research report on Monday, June 22nd. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $99.26.

Check Out Our Latest Report on SO

Southern Profile

(Free Report)

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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